With Over 2 Billion In Revenue, Of Course This Firm Raised Associate Salaries

You realized they experienced to — hell, if I were being betting, I feel all the Biglaw companies with about a billion pounds in earnings will truly have to increase associate salaries to the now acquainted Franken-Milbank/Simpson/Cravath scale. It is extra than just the sheer economics that will propel these elite Biglaw companies to distribute the prosperity with their associates — it is also the recognition that the most important and most effective companies are doing it. If you want the cachet of being the most effective, you have to pay for it.

Now Morgan Lewis & Bockius, with its $2,001,000,000 in gross earnings for 2017, has announced they are raising associate salaries and delivering particular bonuses in line with all those heading all-around the market place. The business created the announcement about voicemail — how 2006 of them! — but we can affirm the subsequent foundation salaries at the business:

Course of 2017: $190,000
Course of 2016: $200,000
Course of 2015: $220,000
Course of 2014: $255,000
Course of 2013: $280,000
Course of 2012: $305,000
Course of 2011: $325,000
Course of 2010+: $340,000

Plus there are all those pleasant particular bonuses:

Course of 2017: $5,000
Course of 2016: $7,500
Course of 2015: $10,000
Course of 2014: $15,000
Course of 2013: $20,000
Course of 2012: $25,000

Try to remember every person, we depend on your ideas to remain on prime of this stuff. So when your business matches, be sure to text us (646-820-8477) or email us (subject line: “[Firm Name] Raises Salaries”). Remember to contain the memo if offered. You can just take a picture of the memo and send it through text or e mail if you do not want to ahead the primary PDF or Word file.

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headshotKathryn Rubino is an editor at Above the Regulation. AtL tipsters are the most effective, so be sure to connect with her. Feel cost-free to e mail her with any ideas, issues, or comments and comply with her on Twitter (@Kathryn1).

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